Peabody Smith Realty Winter 2020 magazine

Presenting MAGAZINE, Volume 1 - Winter 2021
In the winter, some sellers are afraid to consider putting their home on the market. In addition, while we see light at the end of tunnel in terms of
vaccination plans, sellers may still be concerned. We’ve been carefully listing and selling homes during this time. We expect the real estate market to
continue to be strong.
Last year was a record year for real estate sales in New Hampshire and by all indications,we expect to see more of the same in 2021. Currently, buyers
outnumber sellers, housing inventory is low and some of our larger cities are witnessing an out migration to quieter areas like the ones we love here in
Central, Northern and the Lakes Region of New Hampshire and Northeast Kingdom of Vermont. If you are considering selling, don’t hesitate if your
situation warrants it – the market is strong.
The pandemic has given buyers time to reflect on what is important to them – whether it is outdoor areas to enjoy, recreation in the backyard, space to
grow food. Some are making the move to larger homes with in home offices where they can work from anywhere if they can access technology to meet
their needs.
For our sellers in our second home destinations like Bretton Woods and the surrounding areas in Northern and Central New Hampshire, inventory is
low and buyers are just waiting to pursue to dream of homeownership at our premier destination locations.
Below are the New Hampshire statewide single-family residential numbers from the New Hampshire Association of Realtors. As you can see, closed
residential sales were up significantly – and they would have been higher if inventory levels were up. As far as median residential sales price, that is also
up by 11.7+ year over year. We expect the median sales price in 2021 to level off a bit into more natural appreciation of 3-5%.
Market Trends in
New Hampshire
January-December
2020
January-December
2019
% of Change
Closed Single Family
Residential Sales
18,449 17,636 +4.6%
Median Sales Price $335,000 $300,000 +11.7%
Days on Market 47 56 -16%
Median Single-Family Residential Sales Price by county:
Belknap County, Median Sales Price in 2020: $310,000
Carroll County, Median Sales Price in 2020: $300,000
Coos County, Median Sales Price in 2020: $135,000
Grafton County, Median Sales Price in 2020: $259,450
As buyers enter this marketplace, this is a great time to buy with continued low interest rates. For buyers ready to add a second home or change their
current living arrangements, price appreciation has really increased giving them some more flexibility and equity in their current home as well. The
ability to purchase remains strong for many.
As we always say, “all real estate is local”. If you would like to learn more about your market, please call one of our Certified Sales Specialists, and we
would be glad to have a confidential discussion with you.
Our Sales Associates closed 713.5 transaction sides in 2020 in New Hampshire and Vermont. When considering an agent to
sell your property, it is important to see how much a firm has closed – you want one with the experience and negotiation skills
to help you reach your goals – and we deliver. Our team of dedicated full-time real estate sales professionals are here to assist
you - whether you are considering selling a property or contemplating a purchase. We are proud to be part an active part of the
community and look forward to assisting you.
Sincerely,
Andy Smith
Broker/Owner, Peabody & Smith Realty
New Hampshire Offices in: Franconia • Littleton • Bretton Woods • Plymouth • Holderness
www.peabodysmith.com
www.RealtyMagazine.us
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